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20110701
20110731
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CSPAN2 24
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English 24
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CSPAN
Jul 22, 2011 5:00pm EDT
big. i am sorry about the attention span of some members of congress but they could wait for the movie. maybe it will be coming forward. we are dealing with an interconnected system. there was a central theme. by sources of liquidity outside the banking system and increased information technology people in the financial industry have figured out a way to engage in lending while appearing to escape the burden of risk. they appeared to -- this didn't go away. accumulated elsewhere in the system and exploded on all of us. what we have done is basically make people be responsible for the risk and one important issue that are dealt with with some friends on the liberal side is a question of risk retention. i would urge people to look at michael lewis's book the big short. when people make loans and have no responsibility whether or not they are repaid they will not be as prudent. that is a market incentive. the alternative is oh no, the regulators will tell you what is good and what isn't. we are on the market side here. i don't want to depend on regulators to look at all of these loans. th
CSPAN
Jul 6, 2011 9:00am EDT
in transforming themselves, she's one of the big reasons why. please help me in welcoming to the stage, liz schuller. [applause] >> thank you. all right. thank you, barry, for the introduction. and i'd like to think raj for raising the bar. thanks a lot for the rest of us and not those creative messaging tools that we all need to address inequality. i wish i would have heard her before my speech. so why am i here as part of this panel? the whole point of what i want to talk to you today is the power of collective action and how it could counter the rise in inequality and how unions fit into that picture. now, when i think about inequality, especially, as of late, i think about those teachers in wisconsin, construction workers in ohio, nurses in new hampshire, who have been locked out and denied their basic rights to collective bargaining. we've seen what it looks like the state capital in wisconsin and we show you now what's happening in office buildings all across this country. ♪ >> here's to america's workers. when the economy was down, they sacrificed. during tough times when executive
CSPAN
Jul 1, 2011 12:00pm EDT
. a big bank or two fail. this causes a run on american money market funds which have exposure of about a trillion dollars to european banks. and we find ourselves very quickly back at a moment very much like 2008. do you find a scenario like this to be plausible? and if so, what has dodd-frank accomplished? >> maybe i can start and others can join in. first of all, i think it's a terrific and i think central important question. i do think there is real risk right now, as there has been for many months now, that crisis in europe hurts the -- not just the european banking sector but the u.s. banking sector and the u.s. financial sector. the money market fund system is still, i think, not fully resolved. that is i think the sec's changes under rule 287 that improve the liquidity position of money market funds is good. the bazzel liquidity rules that will kick into place for the banking sector are good and will help. the capital margin and collateral requirements in the repo sector will also help significantly. and weaknesses -- i'm sorry, the last i would point out the significant capital
CSPAN
Jul 18, 2011 8:30am EDT
and a big part of this community. i was grateful to see him here today before i turn over to arianna who i think is an expert on journalism and editorial, i want to go through a few points of real big things that we're betting on as a company, not talk about aol but let's talk about the things we see in the future and why we're putting such an investment in journalism. number one question i get from wall street all the time is why journalism, why are you choosing when the rest of the world seems to be going away from journalism? why are you opening up a thousand patches? why did you buy the "huffington post"? and i think the things i'm about to talk about are a core essence of what we believe them. the first is really a bit of the human needs stage which is, if you woke up and today was your first day on planet earth, what would you knows and what would you see? i think there's some very stark things. one is there's four or 5 billion phones in peoples pockets and a lot of smart phone growth across the world, which means people are going to be connected full-time with information all the ti
CSPAN
Jul 22, 2011 12:00pm EDT
and making us a better nation? let me introduce to you another dreamer. this is jose migana. a big smile on his face. jose brought to the united states from mexico when he was two years old. he grew up in arizona. he graduated as the valedictorian of his high school class. he enrolled in arizona state university, became the first member of his family to attend college. but then arizona passed a law prohibiting public universities from giving financial aid or in-state tuition rates to undocumented students. hundreds of students were forced to drop out of school. but jose persevered. he found his calling on the speech and debate team where he ranked fifth in the nation. and in 2008, jose migana graduated summa cum laude from arizona state university with a major in business management. jose couldn't work because of his legal status so he went to law school. next year, jose will graduate from baylor university law school in waco, texas. despite his potential to give to this country, jose will not be able to work as a lawyer because of his undocumented status. he sent me a letter and here's
CSPAN
Jul 12, 2011 9:00am EDT
in touch with mr. watson but not mr. bryant's big and presenting your committee, "the guardian" or anyone else? >> anyone who is holding material, which clearly people are, from the amounts of media coverage, and there's been some species are you surprised any of these names that are coming out, or do know these names? for example, the gordon brown issue. >> now, i am aware of them. >> mark reckless. [inaudible] holding material because of the stories coming out, is at least another theoretical possibility as stores are being sourced from within the metropolitan police? >> i'm sorry, i don't follow your. >> could it not be the opposite, whether paid or otherwise information, rather than necessary being the place that the media outlets already have it? [inaudible] >> well, we always, we will always be accused of that. i can say with absolute confidence, because i know what's been there. for instance, when there was speculation around victims of 77 bombings, we did not know that they were contained within our material. >> thank you for the answer that i wasn't accusing. >> is a natural thin
CSPAN
Jul 7, 2011 9:00am EDT
a to b. >> vikrum? >> i think a big part of it is that you need to understand that social change, we don't wake up overnight and think like i'm going to change the world. just like you said that you want, or that you make this for any particular in other than for a class project. you have to realize even if you have, dream big torture. i'm sure, i didn't mean to don't wake up and think that you can't save the world. but know that that's not going to happen overnight. social change doesn't come overnight, but it does come and commitment. even by having good dialogues like this today. i know that sounds cheesy but think that's the first step because when you get those first job, i can only speak about kind of washington oriented jobs, but you might have tried we can best universities were really been the top of your class or feel that you are really, have a high aptitude and i grasp of issues but when you get there, you might feel downtrodden and say why am i not talking to the press right now about why we need a cap-and-trade legislation. realize that the change will come incrementally, b
CSPAN
Jul 27, 2011 9:00am EDT
while i appreciate your reassurance, it's somewhat like you said, mr. gruenberg, about the too big to fail in response to mr. corker. we're waiting for the evidence that something is different in regard to those community banks. and so in particular, i want to -- and i certainly agree with you that the fdic insurance issues that you raise, i think are a positive development. but let me particularly raise with you the disparate treatment of capital standards between community banks and large financial institutions. the definition of well capitalized seems to have a different definition in regard to whether or not you're a large or small bank. and many of our community banks are being regulated in which they are required to have a much higher percentage of capital than our smaller banks -- i'm sorry, than our larger banks many of which those larger banks are under regulatory restrictions as a result of their financial condition. so my point is there's a double standard in my view between the capital requirements that small banks, community banks are required to have and that of large
CSPAN
Jul 6, 2011 12:00pm EDT
, but it means, mr. president, that we can't be raising taxes on the job creators, and there is a big debate right now about how do we get ourselves out of this fiscal mess. i would submit to my colleagues that the real issue here is spending. if you go back to the foundation of our country, the year 1800, we were only spending 2% of our entire economic output on the government, the federal government. this year we're going to spend 24% to 25%. the historical average over the past 40 years is about 20.6%. we are dramatically higher in terms of what we are spending on our federal government as a percentage of our entire economy. to me, clearly, we don't have a revenue issue here in washington. we have a spending issue. which would suggest that we ought to get after spending, after federal spending, particularly spending that is -- is duplicative, redundant, there are so many things in the federal government that we spend money on that we need to get that waste and that -- and all those types of wasteful spending out of our spending here in washington, d.c., but we also have to focus on those
CSPAN
Jul 6, 2011 5:00pm EDT
that is to come together in a bipartisan way around a big deal, around $4 trillion in savings at least. the senator from colorado went in some detail into the bipartisan debt and deficit commission. chaired bier sin bowles and alan simpson, and the 11 members of that commission, ems of members of this body currently serving senators, republican and democrat, who came together around a plan that would make $4 trillion in savings over the next decade. i think we should do no less than that. and i think the plan that we should be working on in detail now should include all four major areas where we have to have savings. reductions in discretionary domestic spending, reform to our entitlement programs, reductions in pentagon spending, and increases in federal revenue through tax reform. all four of these have to be on the table. in my view, our values ask no less than that. as we work through a recovery, we need to continue to invest in education, in infrastructure, in innovation, but we also need to responsibly put together a bipartisan path that will take on the sacred cows of this insti
CSPAN
Jul 5, 2011 9:00am EDT
health centers that will determine it for the long-term the factors that will do with big diseases under two prevent them and teacher than. now, we have noted with the prime minister and we worked all weekend on this, that different choices that we did following an independent jury, forgot cancer, or didn't deal with cancer. that was the rule. you go for excellence, you go for international juries. we cannot change the decision of these juries, otherwise what use would that be? i mean, the selection process has to be respected. but we thought that it was impossible not to have hospital institutes dealing with cancer. and so we have asked others, seeing the second stage of the cancer plan and what the national institute for cancer is doing to make proposal on the specific question of cancer. in order to have a dedicated university hospital center. at the beginning of july, we're going to announce the first selection of these excellence initiatives, 7.7 billion euros. the winners will be the beginning of the major sites for french scientific research, not all universities will be part and
CSPAN
Jul 21, 2011 9:00am EDT
big comforter coming out of the replacement bag. here you can see it in its final configuration strapped down. it has straps that hold it into position. about the time they had it installed in this configuration, the thermal officer in the front room at mission control center stood up and turned around and said i can already see it starting to take effect. that's a very successful proje project. >> there were a lot of teams whose hard work all came in to play. a magnificent team of people. had to do it the hard way with ron and i, with ron and me traveling a lot, and not even in countries the same time together. they had to work hard. a well integrated plan put together. with all of the products and pieces that really came together. to figure out how to get that thing back. a whole lot of work by a lot of teams around the country, and really came together and made a big difference. >> the hatch is closed. ♪ i'm a rocket man ♪ rocket man >> good morning, atlantis. this is elton john. we wish you much success on your mission and huge thank you to all the men and women at nasa
CSPAN
Jul 7, 2011 12:00pm EDT
they weren't going to pay their taxes? of course they'd be in big trouble. and the senate is not in trouble but the country is in trouble because the senate is not doing its job and neither the house nor the senate did its job in the last congress for the first time ever and that's how we go into three years since we had a work document that we should have to work with. and what do we do this week? the disappointment to all three of us is we said we wanted to stay this week and deal with these issues. we started out trying to deal with the libya resolution which apparently wasn't important enough to deal with last thursday when we were going to take a week to work in our states. and then when people on the republican side said we really think we ought to be debating the reason we were supposed to stay, we still don't do that. we have this amendment -- i think it was supposed to be and is a sense of the senate that millionaires aren't paying enough taxes. now, we all understand -- we all understand the politics of that, just like we understand the politics of no accelerating depreciation for
CSPAN
Jul 28, 2011 12:00pm EDT
, it absolutely matters for economic development. and people in big cities might make fun of small airports, that they don't have all the -- all the hustle and bustle, but we do know that medium sized and smaller airports matter a great deal. with the refusal of the house to take up a clean extension of f.a.a., more than 4,000 employees have been furloughed, dozens of construction projects have come to a halt. in this economy, for some radicals in the house of representatives to decide because they have got a political mission and an ideology that doesn't quite fit with the majority of americans, they are going to again hold hostage something that just simply needs to be done, and that is what's called reauthorization of f.a.a. this many employees have been furloughed for who knows how long. senator rockefeller said some may look elsewhere for jobs. these are very skilled technicians and engineers and others. and what it means to these construction projects. f.a.a. helps to pay all over the country for modernization of airports, and we have all heard stories. i don't recall that i have ever
CSPAN
Jul 21, 2011 12:00pm EDT
essentially go to another country and export through that country, put on, for example, "made in korea" -- big implications with these trade agreements -- and end up shipping those goods to the united states. and senator blunt and his constituents have made the correct point that that's, again, taking away jobs from middle-class folks. but we have got to get back here on the floor of the united states senate to the issue of jobs. that's the most important question for our constituents, madam president. staff told me on the way over here that a recent survey of businesses cites again their number-one concern, that sales are going down in their stores. and i think everybody here in the senate knows you can often go to a store on a weekend or an evening and you see hardly anybody there because middle-class people are very worried about what's ahead and simply because of these economic times do not have the money to go in and buy those goods and arrange for those services that in an economy that requires they be in the marketplace, they simply don't have the resources for it. so i hope my colleagu
CSPAN
Jul 19, 2011 9:00am EDT
that he likes to call a big deal. anyone who's looked at the figures knows that it isn't. but the larger point here is that the american people have already won this debate. no one, not even the president, can claim to support the status quo anymore, even when in fact he does. but of course winning the debate isn't nearly as important as achieving the reforms that are needed to convince the world that we're actually serious about getting our fiscal house in order. that's why republicans continue to hold out for significant reforms and that's why we'll continue to fight for serious long-term reforms this week. republicans have tried to persuade the president of the need for a serious course correction, but weeks of negotiations have shown that his commitment to big government is simply too great to lead to the kind of long-term reforms we need to put us on a path to both balance and economic growth. so we've decideed to bring our case to the american people. the president recently cited a poll that suggests americans want to see balance in this debate. i'd point him to another poll showin
CSPAN
Jul 25, 2011 12:00pm EDT
on it but i do know that it was in an effort to try to make sure that the rates that the two big providers in mississippi, and, of course, energy was heavily invested in louisiana as well. but i don't know the details on that but i do know. >> mr. mack so, have you had any experience with this kind of think? >> we have not. >> mr. serino, i'm going to the i am going to continue on this. chairman, i would love to talk to you about it and senator mccaskill and i have been talking about it. you know, if this community would've happened to have a municipal provider, let's say they paid 10% under the stafford act of the repair costs, they would be passing along to .5 million to the ratepayers instead of 25 million. court if they have a 75, 25 sure, they'll be passing along 6.2 the ratepayers instead of 25 million. those rate players pay federal taxes in exactly the same way that the neighboring community of carthage that has a municipal utility pays federal taxes. we have more experience with this with devastating i storms. we have miles and miles of polls broken off, and the mileage that is in
CSPAN
Jul 25, 2011 5:00pm EDT
procedure, the regular order but have attempted to solve this big problem in secret, behind closed doors with just a few people. i believe that is contrary to the historical understanding of the role of congress and i'm not happy about it, i oppose it and i object to it and i expect an appropriate amount of time to consider whatever plan comes forward. i thank the chair and would yield the floor. mr. franken: mr. president? the presiding officer: the senator from minnesota. mr. franken: thank you, mr. president. this weekend driving around the twin cities, i was listening to public radio. the host of the program introduced a republican member of the house budget committee. the member, who i will not name to spare him or her a great deal of embarrassment, was asked about the consequences of not raising the debt ceiling. the member assured the host and listeners that failing to raise the debt ceiling would not create a default for a number of reasons. among them was that, according to this member, that we can pay out all the social security checks to seniors because -- and i quote -- "the
CSPAN
Jul 26, 2011 12:00pm EDT
and they count on washington, not always to take care of everything but take care of the big things like making sure we don't default on our obligations. he needed to talk to the american people, to those americans who haven't been paying close attention where this stands and why it is so important and why the risk is there that if congress doesn't act and we believe it will, something that has never happened before in our history could happen and it would be very bad indeed. that's why he had to address the country and why he wanted to explain to them his view, that compromise is so necessary. >> one other quick thing. i think on cbs radio this morn dan pfeiffer said if congress does not act by august 2nd this could lead to a depression. is this your position, that we might have a depression in america? >> depression, what i know, what, economic experts have said is that, and again, republican and democrat, jim baker, ronald reagan, all sorts, have said that a default on our obligations would produce an economic calamity. how that, how you demean that obviously depend on how long it lasts and
CSPAN
Jul 18, 2011 12:00pm EDT
of arizona. that's not to say that we don't cover a big portion of it right now. of the 1,000 new border patrol agents that are coming into service this year, the vast majority of them are going into arizona. but it's also critical to note that there are other activities occurring. our partnerships with mexico, for example, working joint operations with our mexican partners with them operating in mexico and us over on the u.s. side. over 60 of the states' law enforcement agencies are our partners with us in actt, which is an operation that incorporates other law enforcement agencies to ensure we bring the greatest density of enforcement coverage in arizona. the national guard -- right now we have 363 national guard troops on the ground. we have more sensors coming, so it's a constant buildup of what we are doing in arizona. as i said earlier, when we bring arizona under control, not if, we will do so as quickly as we can. now, something that i think is critical here is the following. this year, because of the drop in activity levels that we have seen, we figure that we will end up the ye
CSPAN
Jul 18, 2011 5:00pm EDT
. >> softly and carry a big stick. >> kenya signal intense. >> gadhafi said all these present -- positive things. i hope he told me do those things and we will come after you. i think that should have caused gadhafi to pull back. that is what i would have done. number three is to sort of model and to a we are going to change the regime there and i think that is where we ended up and is not what he told the american people. >> the next question comes from the audience, dr. benjamin from hanover. >> governor romney, president george w. bush used a federal probe graham no child left behind in an effort to improve the quality of our k-12 education system. other republicans believe that the states should be left to reform their educational systems without federal mandates be they funded or unfunded. what is your strategy for improving public education and what is your rationale for it? >> my strategy for public education improvement has been shown in my leadership in massachusetts which is that and this wasn't just me by the way. it was prior governors and prior legislators in massachusetts. w
CSPAN
Jul 20, 2011 9:00am EDT
. speaker, in this debate, let us not lose sight of the big picture. the people who send us here want some pretty straightforward things. they want their media free and punchy but they want them within the law. they want their police independent and strong but honest and incorruptible. and they want their politicians to sort out a mess that has socked their faith in the key institutions in our country. we should be clear today that we will not let them down. >> here, here! >> order, the question is this house have considered the matter of public confidence in the media and the police. mr. ed miliband. >> mr. speaker, i welcome this debate and i think in starting this debate all of us should remember what brings us here. because parliament would not have been recalled today if it had not been for the revelations by the hacking of millie doweler's phone. that revelation shocked our country and turned something that had seemed to be about the lives of politicians, footballers and celebrities into something very different. about the lives of others who never sought the public eye. and it is th
CSPAN
Jul 29, 2011 9:00am EDT
in practice are not exclusively greek. but in this case, however, this combined and creating a big picture for the world state in the world nation. in greece there is well. there is property and incomes that are not just sources for growth, but a big part of real estate and even bigger real estate from private enterprises. there are also high and middle incomes, and to our incomes that are also -- [inaudible] and on the other hand, there are some middle income with annual income between 12 and 60,000 euro. over the past 20 months, we have been implementing an ambitious program for the adaptation of the economy in all sectors. they were indeed delays and problems. we declared and i accept this. we have to face, however, are insisting challenge the markets about whether it was indeed viable, sustainable, or whether the greek government, the citizens and business would produce fruit without radical investment to sustain that debt. the greek fiscal debt problem, as well as the eurozone fiscal debt problem in general, is the same applies to the united states. not a federal union as the united s
CSPAN
Jul 14, 2011 5:00pm EDT
parents to protect entitlements for big oil companies, billionaire corporate executives who travel the world in private jets and millionaires who believe they are entitled to all of the tax loopholes they're getting now after the biggest tax cut in history, entitled to tax cuts but not obligated to create american jobs. contrary to the false rhetoric we hear from the other side about a correlation between entitlements for the wealthy and job creation. the hard right wing of the republican party has come to the table willing to give up nothing, unwilling to accept an offer by the president and democrats of trillions of dollars in spending cuts, potential savings in entitlement programs and tax reform options, all of which they have been demanding, unless we agree to protect to the entitlements that exist for the wealthy. not even a single penny on the revenue side of the option. don't touch those entitlements for the big five oil companies. don't touch the entitlements for the corporate jets. don't touch the entitlements for the racehorses. don't touch any of those entitlements give
Search Results 0 to 23 of about 24